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DUBAI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At the Parliament House in ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

Bloomberg Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion, people with knowledge of the matter said. The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto, plans to file a listing application with the ...

Bloomberg Tencent Holdings Ltd. surprised investors with its first profit drop in at least a decade as a Chinese regulatory freeze on game approvals hurt its ability to make money off marquee titles. Net income fell 2 percent to 17.9 billion yuan ($2.6 billion) in the three months ended in June, the Shenzhen-based company said, well short of the 19.3 ...

Bloomberg Lenders are ramping up riskier mortgage lending in the north of England just as property values start to fall and interest rates increase. That could be bad news for banks and home-loan providers in a region that’s already facing a hit to its wealth from the UK’s withdrawal from the European Union, no matter what kind of agreement is ...

Bloomberg Atlantia Spa’s Autostrade arm will hold an emergency meeting as top executives come under pressure to quit after dozens died when an Italian bridge it operated collapsed, people with knowledge of the matter said. The extraordinary board meeting is expected to be held next week to consider the impact of the disaster in Genoa, which killed at least 39 ...

Bloomberg Some of the biggest names in New York real estate, including SL Green Realty Corp., Vornado Realty Trust and Related Cos., have signed on to an ambitious plan to reduce energy use in the city’s larger buildings by 20 percent by 2030 — with some “wiggle room.” If it’s implemented, the plan would take the city’s 50,000-plus buildings of ...

ABU DHABI / Emirates Business Watania Takaful Company, one of the leading insurance companies in the UAE, announced on Tuesday a net profit of AED7.8 million for the first half of this year the company delivered, marking an increase of 190 percent compared to AED2.7 million in the same period last year. The company pointed out the most notable feature ...

Dubai / Emirates Business Almost half of UAE CEOs in the retail industry intend to start using artificial intelligence (AI) in the next two years, as they are increasingly influenced by technology to enhance the retail store experience for customers. This is according to the 2018 Global Consumer Executive Top of Mind survey, ‘No Normal is the New Normal’ jointly ...

DUBAI / WAM Dubai made a reduction in nitrogen oxide (NOx) emissions by 63 percent in 2017, compared with 2007, and an improvement in the cumulative efficiency between 2006 and 2017 by 28.87 percent, equivalent to a reduction of 43.9 million tonnes of carbon dioxide emissions, with a production capacity of 10,200MW in 2017, according to the fifth annual Sustainability ...